Fairfax Financial (TSE:FFH) Hits New 52-Week High – Time to Buy?

Fairfax Financial Holdings Limited (TSE:FFH)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$2,520.40 and last traded at C$2,489.75, with a volume of 35278 shares traded. The stock had previously closed at C$2,496.72.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Scotiabank upped their target price on Fairfax Financial from C$2,900.00 to C$3,050.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Raymond James Financial decreased their price objective on Fairfax Financial from C$3,050.00 to C$2,900.00 in a report on Monday, November 10th. National Bankshares lifted their target price on Fairfax Financial from C$3,000.00 to C$3,200.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Finally, BMO Capital Markets reduced their target price on shares of Fairfax Financial from C$2,700.00 to C$2,600.00 in a research report on Monday, November 10th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$2,764.29.

Fairfax Financial Stock Performance

The company has a market cap of C$55.15 billion, a P/E ratio of 12.07, a P/E/G ratio of 0.27 and a beta of 0.35. The stock’s fifty day moving average price is C$2,351.91 and its two-hundred day moving average price is C$2,386.28.

Fairfax Financial (TSE:FFH) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$52.04 EPS for the quarter. The business had revenue of C$17.72 billion during the quarter. Fairfax Financial had a net margin of 13.90% and a return on equity of 17.43%. On average, equities research analysts forecast that Fairfax Financial Holdings Limited will post 212.3039807 EPS for the current year.

Fairfax Financial Company Profile

Fairfax Financial is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.